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Tom Armistead is a
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Bill Gross is always worth listening to. The demise of "wild west capitalism" and "entrepreneurial testosterone" (with other people's money) will be a welcome change.
Dec 03 07:38 am
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All Comments by Tom Armistead »Bill Gross: Welcome to a New Universe, Investors! [View article]
P/E multiples for companies that can consistently make money by providing physical goods or services without using excessive leverage or creating systemic risk will increase to premium levels.